St Louis, Dec. 18 (AP) Federal authorities in St. Louis report they have broken up a two-man counterfeiting ring and seized $37,000 in "very deceptive" bogus bills. The counterfeiters had managed to pass $7,500 in phony $5, $10 and $20 bills before the ring was smashed this weekend, authorities said.

Carry Stigall, head of the St. Louis office of the secret service, said Paul Eugene Kesterson, 43, of surburban Creve Coeur, and Joseph Ziglin, 51, of suburban University City admitted the counterfeiting operation. The two were being held in St. Louis city jail and Stigall said formal charges will be filed before a U.S. commissioner today.

Secret service agents arrested Kesterson Friday night in Clayton near a tile (or title) company where he worked and where he rpinted the bills, Stigall said. He had three phony bills on him when arrested. Agents said they found $2,000 in completed bills in the shop and tow of the photo plates which Kesterson, a printer, said he used in making the last batch of bills. They said Ziglin was arrested at a filling station he operated in St. Louis, where $35,000 in counterfeit bills were seized

Chillicothe (Ohio) Constitution 18 December 1961